Iraq Isn’t Spending Oil Windfall On Infrastructure

Iraq is generating revenue of about $80 billion a year, mainly from its vast reserves of crude oil, but spending only about 1% of the total on maintaining critical infrastructure projects such as roads, bridges and sanitation, the U.S. government auditor said.

Meanwhile, the U.S. has appropriated around $48 billion in the past several years to help reconstruction efforts, the U.S. Government Accountability Office said.